Albemarle Stock News

NEW YORK , March 15, 2022 /PRNewswire/ -- Lithium prices are on the rise as a result of tight supply and strong, growing demand in China . According to data published by metal.com, the SMM spot prices of domestic battery-grade lithium carbonate gained 2,000 yuan /mt to 497,000- 505,000 yuan /mt on March 10th . Since the beginning of the year, the average spot price of domestic battery-grade lithium carbonate has increased by 223,000 yuan /mt or 80.22%. In the meantime, the U.S. is racing to reduce its rare earth dependence on China . "With the global lithium-ion battery market expected to grow rapidly over the next decade, DOE is making it possible for the United States to be prepared for market demand," the Department of Energy said last month. "Responsible and sustainable domestic sourcing of the critical materials used to make lithium-ion batteries — such as lithium, cobalt, nickel, and graphite — will help close the gap in supply chain disruptions and accelerate battery production in America." Foremost Lithium Resource & Technology Ltd. (CSE: FAT ) (OTC: FRRSF ), Piedmont Lithium Inc. (NASDAQ: PLL ), Livent Corporation (NYSE: LTHM ), Albemarle Corporation (NYSE: ALB ), QuantumScape Corporation (NYSE: QS ) Additionally, the growing awareness about the amount of carbon emissions released into the environment from automobiles has helped spur the adoption of electric vehicles around the globe.

Albemarle Corporation with ticker code (ALB) now have 19 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 320 and 80 and has a mean target at 249.32. Given that the stocks previous close was at 188.37 this would indicate that there is a potential upside of 32.4%. The day 50 moving average is 213.88 and the 200 moving average now moves to 218.77. The market cap for the company is $21,624m. You can visit the company''s website by visiting: https://www.albemarle.com [stock_market_widget type="chart" template="basic" color="green" assets=ALB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $28,620m based on the market concensus. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets.

Lithium is a key component in rechargeable batteries used in mobile phones and laptops, but it is also an essential componet in a market that is set to explode in the coming decades: electric vehicle

Electric vehicles are the future and demand for cars that are powered by batteries is rising at a fast clip. And the growth of the EV sector is powering demand for lithium, a key ingredient in batteri

Albemarle Corporation (ALB) 2022 RBC Capital Markets Chemicals And Packaging Virtual Conference (Transcript)

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CHARLOTTE, N.C., March 7, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Kent Masters, chief executive officer, and S

The broad market sell-off has even impacted some stable dividend-paying stocks.

Both lithium and charging stocks give you exposure to the electric vehicle industry, but one faces stiffer competition than the other.

CHARLOTTE, N.C., March 3, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Kent Masters, chief executive officer, and S

UNVR vs. ALB: Which Stock Is the Better Value Option?

Albemarle Corporation found using ticker (ALB) have now 21 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 320 and 80 with a mean TP of 245.9. Now with the previous closing price of 184.2 this indicates there is a potential upside of 33.5%. The 50 day moving average now sits at 222.72 while the 200 day moving average is 217.48. The market capitalisation for the company is $22,465m. Company Website: https://www.albemarle.com [stock_market_widget type="chart" template="basic" color="green" assets=ALB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $29,990m based on the market concensus. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets.

Thematic green ETFs and mutual funds allow you to zero in on a specific area of the fight against climate change, from electric-vehicle batteries to solar power. These funds deliver the benefit of diversification and can hold shares in burgeoning companies that you might feel uncomfortable buying on your own because they have no profits and short histories as publicly traded stocks. SEE MORE Kiplinger ESG 20: Our Favorite Picks for ESG Investors What’s more, a lot of leading sustainable companies are based overseas – so you may not be able to buy shares in them, but these funds can. KraneShares Electric Vehicle and Future Mobility ETF Take KraneShares Electric Vehicle and Future Mobility ETF ( KARS ). The green exchange-traded fund tracks a global index that includes companies throughout the EV ecosystem – from auto and battery makers to autonomous driving technology (sensors), charging stations and raw materials. KARS owns shares in several EV battery makers, including Contemporary Ameperex Technology Co., better known as CATL, the world’s largest lithium battery maker; its shares trade only in China.